Mad tortoise money

Ornament

11 July 2009, 20.00 CET

In today’s “The Intelligent Investor” column for The Wall Street Journal, Jason Zweig notes:

“As of June 30, U.S. stocks have underperformed long-term Treasury bonds for the past five, 10, 15, 20 and 25 years.”

He also points out, in a detailed manner, that the assertation “there’s almost never been a 30-year period since 1802 when stocks have underperformed bonds” is based on highly selective data and is almost certainly untrue.